Meaning, Features, Scope, Uses, and Limitations of Microeconomics
ContentMeaning, Features, Scope, Uses, and Limitations of Microeconomics Meaning of Microeconomics Generally, the subject matter of economics is divided into two main branches. They are microeconomics and macroeconomics. The terms ‘micro’ and ‘macro’ were first used in economics by Norwegian economist Ragnar Frisch in 1933. These terms were derived from Greek words ‘MIKROS’ and ‘MAKROS’ […]
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